The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February. One administrative hearing is scheduled for April.

The FDIC processed a total of 27 orders in February. These included two cease and desist orders, one written agreement, 13 removal and prohibition orders, eight civil money penalty orders, one termination of insurance, and two terminations of cease-and-desist orders.

Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. (telephone (703) 562-2200 or 877-275-3342). The orders will also be made available online within a week of the issuance of this news release. To view the orders online, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/index.html. A list of orders made public today follows.

Panora State Bank, Panora, IA; FDIC-04-018k; Order to Pay Civil Money Penalty against David M. Ryan in the amount of $7,500; Issued 2/1/05

The Prairie State Bank, Augusta, KS; FDIC-04-227k; Order to Pay Civil Money Penalty in the amount of $2,000; Issued 2/24/05

NorCrown Bank, Livingston, NJ; FDIC-04-223k; Joint Orders to: Cease and Desist, Pay Civil Money Penalties, and Order of Prohibition, and Order Under the Bank Holding Company Act; Issued Upon Consent against Charles Kushner in the amount of $2,500,000; Issued 2/10/05

Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 8,975 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.

FDIC press releases and other information are available on the Internet at www.fdic.gov and may also be obtained through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200).